Restaurant Brands International Inc. (NYSE:QSR) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 55.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 70,857 shares of the restaurant operator’s stock after buying an additional 25,292 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Restaurant Brands International were worth $4,759,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. GeoWealth Management LLC grew its position in Restaurant Brands International by 7.0% during the fourth quarter. GeoWealth Management LLC now owns 2,487 shares of the restaurant operator’s stock valued at $162,000 after acquiring an additional 163 shares during the period. Capital Analysts LLC lifted its stake in shares of Restaurant Brands International by 24.3% in the 4th quarter. Capital Analysts LLC now owns 952 shares of the restaurant operator’s stock valued at $62,000 after purchasing an additional 186 shares in the last quarter. Dunhill Financial LLC grew its holdings in shares of Restaurant Brands International by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 400 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 200 shares during the period. Signaturefd LLC grew its holdings in shares of Restaurant Brands International by 3.2% during the 4th quarter. Signaturefd LLC now owns 6,687 shares of the restaurant operator’s stock worth $436,000 after purchasing an additional 210 shares during the period. Finally, Guggenheim Capital LLC increased its position in Restaurant Brands International by 7.0% during the 4th quarter. Guggenheim Capital LLC now owns 3,438 shares of the restaurant operator’s stock worth $224,000 after purchasing an additional 226 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Restaurant Brands International Trading Up 0.5%

Shares of NYSE QSR opened at $68.59 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 2.84. Restaurant Brands International Inc. has a 12 month low of $58.71 and a 12 month high of $75.07. The company has a market cap of $22.48 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 2.04 and a beta of 0.58. The business has a fifty day simple moving average of $68.24 and a 200-day simple moving average of $65.62.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Restaurant Brands International had a return on equity of 28.94% and a net margin of 10.82%. Restaurant Brands International’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share. Sell-side analysts predict that Restaurant Brands International Inc. will post 3.72 EPS for the current year.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 24th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Tuesday, June 24th. Restaurant Brands International’s dividend payout ratio is 84.07%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on QSR. Truist Financial decreased their price objective on shares of Restaurant Brands International from $83.00 to $78.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Robert W. Baird decreased their price target on shares of Restaurant Brands International from $72.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Loop Capital reissued a “buy” rating on shares of Restaurant Brands International in a research report on Thursday, June 26th. Scotiabank upgraded Restaurant Brands International to a “hold” rating and set a $75.00 price objective on the stock in a research note on Wednesday, June 18th. Finally, Wells Fargo & Company decreased their target price on Restaurant Brands International from $69.00 to $66.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $75.68.

Insiders Place Their Bets

In other news, insider Jacqueline Friesner sold 70,000 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $70.08, for a total transaction of $4,905,600.00. Following the completion of the transaction, the insider directly owned 182,897 shares in the company, valued at $12,817,421.76. The trade was a 27.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.36% of the stock is currently owned by corporate insiders.

About Restaurant Brands International

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.